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Gold

In my opinion, the USD might surge after the CPI, especially if inflation stays high or comes in stronger than expected. If that happens, gold could take a hit, giving us a good opportunity to go short.
NO system selling, only learning, GOLD trading, earning.
Quoting goldsimp
{quote} That is not a healthy correction my friend. If that's your view then I respect it. Happy trading.
whats a healthy correction from your view my friend?
Quoting azhantahir
M1 pre-expansion. It's too early to conclude. 1st signs draw on liquidity. {image}
1st expansion ends with 80 pips below the current Higher High. Rejection Block happens at 520/1100 pips at D1 High Range. Waiting for liquidity void for next M5 pre-expansion (if available). Hopefully, new probability at the Pre-End London Open. The overall trend is still bullish. Right now nothing to lose and nothing to gain. It's just a personal opinion.

Multi TF: TFD1/TFH1/TFM1
Attached Image (click to enlarge)
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Look right, we'll see the signs
Personal opinion it can go 2911 until really make a decent retrace, but retrace to 2892 can been happen here.
No doubt gold is bullish bias, but price don't go in a straight line...
The reason move 150% atr so far was because friday, in the end we will see how much go further, if correction doesn't happen today it will happen tomorow.
Have to go, good luck to all!
Quoting MissD
In my opinion, the USD might surge after the CPI, especially if inflation stays high or comes in stronger than expected. If that happens, gold could take a hit, giving us a good opportunity to go short.
That could play out very well, pump higher for 2, almost 3 days, then big correction.

Standby...

"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 10.4%
Quoting shay14
Looks like I'll be the only shorter here tp 2878
From my point of view, your price could act as resistance once it has been pierced
grand master of the Knights Hospitaller
Quoting Erebus
{quote} Yes, ADR It seems like you're interested in trading gold using ADR (Average Daily Range). This can be a useful strategy for traders looking to capitalize on the volatility of gold prices. Traders use ADR to gauge the volatility of an asset. For example, if the current price is near the upper end of the ADR, it might suggest that the asset is overbought and could be due for a pullback. Conversely, if the price is near the lower end, it might indicate an oversold condition and potential for a rebound. {image}
How useful was this last year when we were overbought on all time frames?
Quoting d1zzy
{quote} How useful was this last year when we were overbought on all time frames?
Not at all
"Live & Let Live" - David Gilmour
Quoting MissD
In my opinion, the USD might surge after the CPI, especially if inflation stays high or comes in stronger than expected. If that happens, gold could take a hit, giving us a good opportunity to go short.
This will be good, and by the sound of it inflation is sticky, and Trump is making it worse, although it is probably too soon to see the impact of his recent tariff BS.
"Live & Let Live" - David Gilmour
Quoting d1zzy
{quote} How useful was this last year when we were overbought on all time frames?
Are you saying it NEVER retraced?

Or do you need help to read price action?

ADR is just another tool, if it's not for you. no problem.

Good Luck
"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 10.4%
Quoting Scalper-N
{quote} no, i am listening. Whats your opinion about that?
For short-term, US is about to wakes up, the risky is to buy high, and daily range already expanded
There are 2 scenarios possible
They might trigger drop on gold to then buy dip
Or they just let the volume die (aka do nothing)
No one want to take the risk for now, not before the storm
Quoting Erebus
{quote} That could play out very well, pump higher for 2, almost 3 days, then big correction. Standby...
till when do you think?
Quoting Erebus
{quote} That could play out very well, pump higher for 2, almost 3 days, then big correction. Standby...
Yeah, that makes sense. A few days of upward movement followed by a correction could create a nice setup for a short. I’ll be keeping an eye on it for the perfect entry.
NO system selling, only learning, GOLD trading, earning.
Quoting Ravenfeeder
{quote} This will be good, and by the sound of it inflation is sticky, and Trump is making it worse, although it is probably too soon to see the impact of his recent tariff BS.
Yeah, it definitely looks like inflation is sticking around for a while. Trump’s tariffs might cause more disruption, but you're right, it might be too early to see the full effects. We’ll have to see how it all plays out in the coming weeks.
NO system selling, only learning, GOLD trading, earning.
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Quoting Tintin2014
{image}
you probably need to edit it soon.

price struggle blow 2900
Quoting Tintin2014
{image}
____________ soon @2911 = says$ my syst.
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Don’t focus on making $$$, focus on protecting what you have.
2898 is good support for now. Waiting on breakout..
waiting is the hardest part of forex.
Quoting Tintin2014
waiting is the hardest part of forex.
what do you waiting for.. i dont think something is going to change.
maybe a retracement to more buy.

there is no real reason for gold to fly, and it does fly.
so what reason will bring it down?
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